Magyar Telekom announcement regarding shareholder’s voting rights

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB) (the “Company”), the leading Hungarian telecommunications service provider announces that Deutsche Telekom AG notified the Company on December 18, 2013 that T-Mobile Global Holding Nr. 2 GmbH, 100% owned by Deutsche Telekom AG, the Company’s shareholder holding 59.21% of the voting rights, increased the registered capital of its 100% owned subsidiary registered in the Netherlands, CMobil B.V. through in-kind contribution of Magyar Telekom shares as of December 18, 2013. As a result of the transaction CMobil B.V. became a shareholder of Magyar Telekom Nyrt. directly owning 59.21% of the Company’s voting rights. Considering that CMobil B.V. is 100% owned by T-Mobile Global Holding Nr. 2 GmbH and T-Mobile Global Holding Nr. 2 GmbH is 100% owned by Deutsche Telekom AG, as a result of the transaction the indirect voting rights and overall influence of Deutsche Telekom AG in Magyar Telekom remains unchanged.

Standard Form for major holding notification
(for Voting rights attached to shares, and for Financial instruments)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachediiMagyar Telekom Nyrt.

2. Reason for the notification (please tick the appropriate box or boxes):

[x] an acquisition or disposal of voting rights
[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
[ ] an event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification obligationiiiCMobil B.V.

4. Full name of shareholder(s) (if different from 3.)iv

5. Date of the transaction and date on which the threshold is crossed or reachedvDecember 18, 2013

6. Threshold(s) that is/are crossed or reached:50%

7. Notified details:

A) Voting rights attached to shares

B) Financial Instruments

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8. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicablexviNumber of voting rights of CMobil B.V.: 617 436 759, percentage 59.21%. The 100% direct owner of CMobil B.V. is T-Mobile Global Holding Nr. 2 GmbH. T-Mobile Global Holding Nr. 2 GmbH’s 100% direct owner is Deutsche Telekom AG.


9. In case of proxy voting:N/A.

10. Additional information:T-Mobile Global Holding Nr. 2 GmbH increased the registered capital of CMobil B.V. through in-kind contribution of Magyar Telekom shares as of December 18, 2013. As a result of the transaction, the indirect voting rights, and influence of Deutsche Telekom AG, and generally, the voting rights and influence of Deutsche Telekom Group do not change.

Notes to the Form

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In relation to the transactions referred to in points (b) to (h) of Article 10 of that Directive, the following list is provided as indication of the persons who should be mentioned:
- in the circumstances foreseen in letter (b) of Article 10 of that Directive, the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;
- in the circumstances foreseen in letter (c) of Article 10 of that Directive, the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;
- in the circumstances foreseen in letter (d) of Article 10 of that Directive, the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;
- in the circumstances foreseen in letter (e) of Article 10 of that Directive, the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Article 9, under letters (a) to (d) of Article 10 of that Directive or under a combination of any of those situations, the controlled undertaking;
- in the circumstances foreseen in letter (f) of Article 10 of that Directive, the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;
- in the circumstances foreseen in letter (g) of Article 10 of that Directive, the natural person or legal entity that controls the voting rights;
- in the circumstances foreseen in letter (h) of Article 10 of that Directive, the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion.

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This investor news may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should not have undue reliance placed upon them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described in, among other things, our Annual Reports for the year ended December 31, 2012 available on our website athttps://www.telekom.hu

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